Tag Archives: Medicare

Old Problems Need New Thinking

Over the past 18 months, Wide Angle Thinking has addressed a number of critical problems. The subjects included: pollution and global warming, terrorism and war, debt and deficits and health and health care. We also discussed a number of specific … Continue reading

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The Coming Fiscal Cliff – Jump!

Federal Reserve Chairman Ben Bernanke coined the term “fiscal cliff” to describe the situation which will begin in 2013 when income tax rates rise and federal spending declines. The non-partisan Congressional Budget Office (CBO) forecasts that a recession will likely occur under … Continue reading

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Update on Health Care

A recent study from the Optum Institute for Sustainable Health determined that patients don’t know enough about health care to make good decisions about purchasing it. Electronic health records can be an important part of the solution. As we find more … Continue reading

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Medicare Two: We’re All Being Tested

Our previous post demonstrated a number of Medicare’s most significant design flaws: fees for service rather than for success, open-ended health care subsidies and a system that fosters unconstrained spending. These flaws are at the heart of the system; the … Continue reading

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Medicare: Good Intentions – Dreadful Design

News headlines repeatedly remind us that Medicare, the federal medical insurance program established in 1965 for those over 65, is burdened by rampant waste, fraud and abuse and is financially unsustainable. Payroll taxes that are suppose to fund Medicare are … Continue reading

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